Roberto Paganoni (pictured), chief executive of LGT Capital Partners, says: "We are delighted to be able to work with Hertfordshire County Council on this mandate, which will provide their pension fund with an actively managed portfolio of nine alternative asset classes, access to best-in-class external managers and the convenience of a single reporting solution for their alternative investments."

LGT Capital Partners recognised the difficulties some pension funds, such as UK local authorities, face in accessing alternative investments, so in 2011 the firm developed a multi-alternatives offering especially for these investors.